Exiting the EU: Public Finances

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 18 April 2017.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer 12:00, 18 April 2017

Any Chancellor would always welcome any net tens of billions of pounds, or even any net billions of pounds, from pretty much any source whatsoever. In terms of the numbers bandied around in Brussels relating to the so-called exit charge, we should recognise them for what they are: an opening gambit in what will be a long and complicated negotiation—nothing more, nothing less.